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Form
990-PF
Return
ofPrivate
Foundation
•
or
Section4947(
a)(1)
Nonexempt
CharitableTrust
Department
of
die
Treasury
Treatedas
a
Private
Foundation
Inte.k
ml
Revenue
Service
(I7)
Note:
The
foundation
may
be
able
to
use
a
copy
of
this
return
to
satisfy
state
reporti
OMB
No
1545-0052
is.
I
2007
For
calendaryear
2007
,
ortax
yearbeginning
,
andending
GCheck
all
that
a
I
[=1
Initial
return
Final
return
Amended
return
[XI
Address
chan
g
e
0
ame
chan
a
e
Use
the
IRS
Name
of
foundation
A
Employer
identification
number
label.
Otherwise
,
CARL
&
RUTHSHAPIROFAMILYFOUNDATION04-6135027
print
Number
and
street
(
or
P
O
box
number
if
mail
is
notdelivered
tostreet
address
)
Room
/
suite
8
Telephone
number
ortype
.
75
PARK
PLAZA
(
617
)
778-7999
See
SpecificInstructions
City
or
town
,
state,
and
ZIP
code
C
If
exemption
application
Is
pending
,
check
here
.
B
OSTON
,
MA
02116
0
1
•
Foreignorganizations
,
check
here
HCheck
of
or
g
anization
Section
501
c
3
exempt
private
foundation
yp
e
0
()()
2.
Foreignorganizations
meeting
the
85
%
est,
check
here
and
attach
computation
0
ection
4947
(
a
)(1
)
nonexem
p
t
chartable
trust
Li
Other
taxablep
rivate
foundation
i
If
f
d
tt
t
t
t
d
I
Fair
market
value
of
all
assets
at
end
of
year
J
Accounting
method
0
ash
0
ccrual
priva
oun
ion
s
us
was
erm
na
aae
under
section
507
(b)(1)(A),
check
here
^
Li
(fromPart
ll,
col.
(c),
line
16
)
0
ther
(specify
)
F
If
the
foundation
is
in
a
60-month
termination
^
$
323
,
91
2
042
.
(Part
1,
column
(d)
mustbe
on
cash
basis.)
under
section
507
(
b
)(1
)
B
),
check
here
^
0
P
t
I
Analysis
of
Revenue
and
Expenses
(
a)
Revenue
and
(
b)
Net
investment
(
c)
Adjusted
net
(
d)
Disbursements
(The
total
of
amounts
in
columns
(
b),
(c),
and
(d)
may
notnecessarily
equal
the
amounts
in
column
(a))
ex
p
enses
p
er
books
incomeincome
for
chartable
purposes
(cashbasis
only)
1
Contributions
,
gifts,
grants
,
etc
,
received
7
1,
3
21
,
0
9
0
N
/
A
2
Check
^
Li
t
the
foundation
is
notrequired
toattach
SchB
3
cash
i
nvestments
s
andtemporary
421,529.421,529.
TATEMENT
1
4
Dividends
and
interest
from
securities
11,726,154
.
11,726
,
154.
TATEMLNT
2
5aGross
rents
b
Net
rental
Income
or
(loss)
6a
Net
gainor
(loss
)
from
sale
of
assets
not
on
line
10
31,543,649.
bGross
sales
price
for
all
451
533
,
267.
assets
on
line
6a
/
1
y
7
Capitalgain
net
Income
(from
Part
IV,
line2)
31,543,649.
cc
8
Net
short
-
term
capital
gain
[;}
9
Income
modifications
Gross
sales
lessreturns
10a
and
allowances
bLessCost
of
goods
sold
c
Gross
profit
or
(loss)
11
Other
income
3
,
493.
0.S
TATEMENT
12
Total
.
Add
lines
1
throu
g
h
11
115
,
015
,
915
.
43
,
691
,
332
.
13
Compensation
of
officers
,
directors
,
trustees,etc
9
5
,
111
.
0
.
95,111
14
Other
employee
salaries
and
wages
94
,
10
4
.
0
.
94
10
4
.
4
15
Pension
plans
,
employee
benefits
28,
575
.
0.
28,575
.
to
ray
16a
Legalfees
STMT
4
34
,
814.
17,407.
17,407.
^d
CL
b
Accounting
fees
STMT
5
10,000.
10
,
000.
0.
:::W
c
Other
professionalfees
STMT
6
5,
899
.
0.
5,899
.
_>
17
Interest
2
18
Taxes
STMT
7
458,669.
0
.
16,176.
41
812
0
9
Depreciation
and
depletion
,..
rE
20
Occupancy
82,676.
0.
82,676.
4
21
Travel,
conferences
,
and
meetings
7
,
930
.
0
.
7
,
930
.
22
Printing
and
publications
128
.
0
.
12
8
.
a
23
Other
expenses
STMT
8
29,251.9,923.
13,273.
24
Total
operating
and
administrative
a
expenses
.
Add
lines
13
through23
888
,
969
.
37
3
3
0.
361
27
9.
0
25
Contributions
,
gifts,
grants
paid
12
,
884,
837
.
12,884,837.
26
Total
expensesand
disbursements.
Add
lines
24and
25
13
773
806.
37
,
330.
13
246
116.
27
Subtract
line
26
from
line
12
a
Excess
of
revenue
over
expenses
anddisbursements
101,242,109
b
NetInvestment
Income
(
if
negative
,
enter-0
-)
43,654,002.
c
Ad
j
usted
net
Income
Itn
eg
at
i
ve
,
enter
-0-
NSA
U
2s
ci
723501
02-20-08
LHA
ForPrivacyAct
andPaperwork
Reduction
ActNotice
,
see
the
Instructions.
Form
990-PF
(2007)
ptt
T
I
Form
990-PF
(20071
CART,
&
RUTHSHAPIROFAMILY
FOUNDATION
04-6135027
Pane2
Attachedschedule,
andamounts
Inthedescripbon
B
l
t
h
Beginning
of
year
End
of
year
a
^}
ance
s
e
column
should
beforend
-
of-year
amounts
only
(a)
Book
Value
(b)
Book
Value
(c)
Fair
Market
Value
1
Cash
-
non-Interest-bearing
88
,
046.
145,548.145,548.
2
Savings
andtemporary
cashinvestments
49,447,453.100,415,876.
10
0,
15,876.
3
Accounts
receivable
^
Lessallowance
for
doubtful
accounts
^
4
Pledges
receivable
^
Less.
allowance
for
doubtful
accounts
^
5Grants
receivable
6
Receivables
due
from
officers,
directors,trustees,
and
other
disqualified
persons
7
Oft
notes
and
loans
receivable
Lessallowance
for
doubtful
accounts
^
8
Inventories
for
sale
or
use
9Prepaid
expensesand
deferred
charges
2
,
950.
2,950.2,950.
10a
Investments
-
USand
state
government
obligations
STMT
10
203,354
,
089.
207,383,982.
209,732
,
130.
b
investments
-
corporatestock
STMT
11
0.
141F000,012.
12,804,800.
c
Investments
-
corporate
bonds
11
Investments
-
land
buildings
,
and
equipment
basis
^
Less.
accumulat
ed
depreciation
^
12
Investments
-
mortgage
loans
13
Investments
-
other
14
Land,
buildings,
andequipment
basis
^
947,887.
Less
accumulated
depreciation
STMT
1210-
137,149.
699.
810,738.
810
,
738.
15
Other
assets(describe
^
STATEMENT
13
^
80
;
800.
0.
0.
16
Total
assets
to
be
com
p
leted
by
all
filers
252
,
974
,
037.
322
,
759
,
106.323
,
912
,
042.
17
Accounts
payable
and
accrued
expenses
18
Grantspayable
19
Deferred
revenue
20
Loans
from
officers,
directors,
trustees
,
and
other
disqualified
persons
tLu
21
Mortgages
and
other
notespayable
J
22
Other
liabilities
(describe
^
23
Total
liabilities
(
add
lines
17
throug
h
22
)
0.
0.
Foundations
that
follow
SFAS
117,
check
here
^
andcomplete
lines
24
through
26
and
lines
30and
31.
24
Unrestricted
25
Temporarily
restricted
m
26
Permanently
restricted
Foundations
that
do
notfollow
SFAS
117,
check
here
^
0
LL
andcomplete
lines
27
through
31.
Y
27
Capital
stock,
trustprincipal,
or
current
funds
29,046,392.29,046,392
.
28
Paid-in
or
capital
surplus,
or
land,
bldg
,
andequipment
fund
0.
0
.
29
Retained
earnings,
accumulated
income,
endowment,
orother
funds
223
,
927
,
645.
293
,
712,714
.
Z
30
Totalnet
assets
or
fund
balances
252
974037.
322,759,106.
31
Total
liabilities
andnetassets
/f
undbalances
252
,
974
,
037.
322
,
759
,
106
.
p
^^f
Analysis
of
Changes
in
NetAssets
or
Fund
Balances
1
Totalnet
assets
or
fundbalances
at
beginning
of
year
-
Part
II,
column
(a),
line
30(must
agree
with
end-of-year
figure
reported
on
prioryear'sreturn)
2Enter
amount
from
Part
I,
line
27a
3
Other
increasesnotincluded
inline
2
(itemize)
^
4
Add
lines
1,
2,
and
35
Decreases
notIncluded
in
line
2
(itemize)
^
6
Total
netassets
or
fundbalances
at
end
of
year
(line
4
minus
line
5)
-
Part
II,
column
72351102-20-08
SEE
STATEMENT
9
line
30
111252,974,037.
2
101,242,109.354,216,146.31,457,040.322,759,106.
Form
990-PF
(2007)
Form990-PF(2007)
CARL
&
RUTH
SHAPIRO
FAMILY
FOUNDATION
04-6135027
Pa
g
e
3
Part
tV
Capital
Gains
and
Losses
for
Taxon
Investment
Income
(a)
List
and
describe
thekind
(s)
of
propertysold
(e
g
,
real
estate,
2-story
buckwarehouse
,
or
common
stock,
200
shs
MLC
Co
)
(b
How
acquired
-
Purchase
D
-
Donation
(
c)
Date
acquired
(
mo
,
day
,
yr)
(
d)
Datesold
(mo
,
day,
yr
)
la
b
SEE
ATTACHEDSTATEMENT
C
d
e
(e)
Gross
salesprice
(
f)
Depreciation
allowed
(or
allowable
)
(g)
Cost
or
otherbasisplus
expense
of
sale
(h)
Gain
or
(loss)
(
e)
plus
(
f)
minus
(g)
a
b
C
d
e
451,533,267.
419,989,618.31,543,649.
Complete
only
for
assets
showing
gain
in
column
(
h)
and
owned
by
t
hefoundationon
12/31
/
69
(I)
Gains
(
Col
(h)
gain
minus
of
12/
31/69
(
i
)
F
M
V
as
(J)
Adjusted
basis
as
of
12
/
31/69
(k)
Excess
ofcol
(i)
over
col
(I),
if
any
col
th
an
-0-)
orol
(k),
but
(
fr
om
le
ss
a
b
C
d
e
31,543,649.
2
Capital
gainnet
income
or
(
net
capital
loss
)
t
If
Pain,;
also
enter
in
Part
I
,
line
7
}
If
loss
enter
-0
-
in
Part
I
line
7
2
31
,
543
,
649.
3
,
Net
short
-
term
capital
gainor
(
loss)
asdefined
in
sections
1222(5)and
(6)
If
gain,also
enter
in
Part
I,
line
8,
column
(c)
If
(loss),
enter
-0-
in
Part
I,
line
8
3
N/A
I
Part
V
I
Qualification
Under
Section
4940(
e)
for
Reduced
Taxon
NetInvestment
Income
(Foroptional
useby
domestic
private
foundations
subject
to
thesection
4940(a)
tax
on
net
investment
income
)
If
section
4940(d)(2)
applies,leave
this
part
blank
Was
the
foundation
liable
for
thesection
4942
tax
on
thedistributable
amount
of
any
year
in
the
base
period?
Yes
M
o
If
"Yes
"the
foundation
does
not
qualify
under
section
4940(e)
Do
not
complete
this
part
1
Entertheappropriate
amount
in
each
column
for
eachyear
,
see
instructions
before
makingany
entries
Base
period
yearsCalendar
year
or
tax
y
ear
be
mmn
in
)
(
b)qualifyingdistributions
(c)
Netvalue
of
nonchantable
-
use
assets
Distribution
ratio
(col(b)
divided
by
col
(c))
2006
9,794
258.
212,735,342.
.046040
2005
6,706,051.
170
221,426.
.039396
2004
3,345,224.155,208
719.
.021553
2003
6,809,240.
148,563,393.
.045834
2002
7
700592.
139
233
371.
.055307
2
Total
of
line1,
column
(d)
2
.208130
3Average
distribution
ratio
for
the5-year
base
period
-
divide
the
foundationhas
been
in
existence
if
less
than5years
the
total
on
line
2
by5
,
or
by
the
number
of
years
3
.041626
4
Enterthe
net
value
of
nonchardable
-
use
assets
for
2007
from
Part
X
,
line
5
4
266,811
,033.
5
Multiply
line
4by
line
3
5
11,106,276.
6
Enter
1
%
of
net
investment
income
(
1%
of
Part
I
,
line
27b)
5
436
,
540.
7
Add
lines
5
and
6
7
11,542,816.
8
Enter
qualifyingdistributions
from
Part
XII
,
line
4
8
13,246,116.
If
line
8
is
equal
to
orgreater
than
line
7,
check
the
box
in
Part
VI,
line
1
b,
andcomplete
thatpart
using
a
1%
tax
rate
See
the
Part
VI
instructions
723521/02-20-08
Form
990-PF
(2007)
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